Home › Forums › Closed Forums › Properties or Areas › How much house should I buy?
- This topic has 165 replies, 12 voices, and was last updated 16 years, 11 months ago by CogSciGuy.
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December 21, 2007 at 7:12 PM #122727December 21, 2007 at 7:18 PM #122494paramountParticipant
Some people get a bit carried away with “fiscal conservatism”.
20% down is a nice ideal, but life is not always ideal. I would say at todays prices 5% should be a minimum.
You make a 120k? I always seem to notice that people on this board state these incredible incomes, and yet in my own life I know very few people who make anywhere near 100k.
December 21, 2007 at 7:18 PM #122643paramountParticipantSome people get a bit carried away with “fiscal conservatism”.
20% down is a nice ideal, but life is not always ideal. I would say at todays prices 5% should be a minimum.
You make a 120k? I always seem to notice that people on this board state these incredible incomes, and yet in my own life I know very few people who make anywhere near 100k.
December 21, 2007 at 7:18 PM #122665paramountParticipantSome people get a bit carried away with “fiscal conservatism”.
20% down is a nice ideal, but life is not always ideal. I would say at todays prices 5% should be a minimum.
You make a 120k? I always seem to notice that people on this board state these incredible incomes, and yet in my own life I know very few people who make anywhere near 100k.
December 21, 2007 at 7:18 PM #122720paramountParticipantSome people get a bit carried away with “fiscal conservatism”.
20% down is a nice ideal, but life is not always ideal. I would say at todays prices 5% should be a minimum.
You make a 120k? I always seem to notice that people on this board state these incredible incomes, and yet in my own life I know very few people who make anywhere near 100k.
December 21, 2007 at 7:18 PM #122743paramountParticipantSome people get a bit carried away with “fiscal conservatism”.
20% down is a nice ideal, but life is not always ideal. I would say at todays prices 5% should be a minimum.
You make a 120k? I always seem to notice that people on this board state these incredible incomes, and yet in my own life I know very few people who make anywhere near 100k.
December 21, 2007 at 7:39 PM #122499NotCrankyParticipantGood post patient,how quickly we forget. Stealing an idea from Bugs. Buy as much as you are sure you can keep, or at least buy no more than that. In a market like this there is little room for error on this.
December 21, 2007 at 7:39 PM #122646NotCrankyParticipantGood post patient,how quickly we forget. Stealing an idea from Bugs. Buy as much as you are sure you can keep, or at least buy no more than that. In a market like this there is little room for error on this.
December 21, 2007 at 7:39 PM #122673NotCrankyParticipantGood post patient,how quickly we forget. Stealing an idea from Bugs. Buy as much as you are sure you can keep, or at least buy no more than that. In a market like this there is little room for error on this.
December 21, 2007 at 7:39 PM #122725NotCrankyParticipantGood post patient,how quickly we forget. Stealing an idea from Bugs. Buy as much as you are sure you can keep, or at least buy no more than that. In a market like this there is little room for error on this.
December 21, 2007 at 7:39 PM #122747NotCrankyParticipantGood post patient,how quickly we forget. Stealing an idea from Bugs. Buy as much as you are sure you can keep, or at least buy no more than that. In a market like this there is little room for error on this.
December 21, 2007 at 8:56 PM #122525CogSciGuyParticipantCogSciGuy, if you could get a loan for $1 million at a PTI of $2500, would you take it?
Sure, probably. Wouldn’t you? If I’m purchasing a property with a PITI of $2500/month, I bet I could rent it out for many multiples of $2500/month.
Or was there a different point you were trying to make?
December 21, 2007 at 8:56 PM #122670CogSciGuyParticipantCogSciGuy, if you could get a loan for $1 million at a PTI of $2500, would you take it?
Sure, probably. Wouldn’t you? If I’m purchasing a property with a PITI of $2500/month, I bet I could rent it out for many multiples of $2500/month.
Or was there a different point you were trying to make?
December 21, 2007 at 8:56 PM #122695CogSciGuyParticipantCogSciGuy, if you could get a loan for $1 million at a PTI of $2500, would you take it?
Sure, probably. Wouldn’t you? If I’m purchasing a property with a PITI of $2500/month, I bet I could rent it out for many multiples of $2500/month.
Or was there a different point you were trying to make?
December 21, 2007 at 8:56 PM #122751CogSciGuyParticipantCogSciGuy, if you could get a loan for $1 million at a PTI of $2500, would you take it?
Sure, probably. Wouldn’t you? If I’m purchasing a property with a PITI of $2500/month, I bet I could rent it out for many multiples of $2500/month.
Or was there a different point you were trying to make?
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